Dell (DELL) - Get Report was up 5.7% in preopen Island trading after it said late Monday it would meet its lowered first-quarter estimates of 17 cents a share in earnings and $8 billion in revenue.

The PC maker also said it would cut 10% of its workforce, or 3,000 to 4,000 jobs, over the next two quarters.

Dell said it expects sales growth this year to outpace industry growth, partly as a result of its pricing discounts.